Family businesses snap up brewer in Epic deal

The Epic Taproom in the Auckland suburb of Onehunga will stay open. (Image: Epic)

Fri, 25 Aug 2023

Epic Beer has been bought by a partnership between two family-owned New Zealand businesses, the Russell Group and Hancocks Group.Epic moved into liquidation in July, on the back of rising costs of production and delays getting consents to develop a brewery and tap room in Mt Wellington, Auckland. The liquidators, Waterstone Insolvency, have since been seeking a buyer. The first liquidators' report listed $514,286 owing to trade creditors, with another $63,376 as employee entitlements.Under the acquisition, the Epic brand, which was fou...

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